CHAPTER 7
1. Graph 7.2 on the costs of Taxation. Be able to draw and explain.
2. Graph 7-5 on inelastic demand and the incentive to restrict supply. Be able to draw and explain.
CHAPTER 8
1. What is the principle of rational choice?
2. What is the principle of diminishing marginal utility?
3. What the limitations of the assumptions behind the principle of rational choice?
CHAPTER 3 IN WHEELAN
1. What are the positive roles that the government can play in the economy?
Posted on November 2nd, 2008 by cjanus
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